Posted on 08/31/2009 9:13:52 AM PDT by AngieGal
After spiking above the 50 mark two weeks ago, an index of investor sentiment has dropped sharply in what analysts say is among the signals currently forecasting a turn in the U.S. stock market.
"Signals are flashing that currencies, commodities and equities are all about to turn. There are too many signals across too many assets to ignore," said T.J. Marta, drawing attention to the American Association of Individual Investors survey's surge above 50 two weeks and subsequent fallback.
(Excerpt) Read more at marketwatch.com ...
But . . . but . . . but . . . Obama told us everything was getting BETTER!!!! And, he wouldn't LIE!!!!!!
/ sarc
According to other analysts, October is the month to watch. The commercial real estate market is expected to tank in October and it will drag us more deeply into the recession we are already in. Zero's "Smoke 'n Mirrors" show just won't fly at all after that!! The country AND his administration will both be in deep kimchee!!
But...they just told us last week that Ben Bernanke saved the world!
I saw it on TV!
“I saw it on TV!”
Take your pick:
MSNBC
NBC
CNN
CBS
ABC
PBS
I found myself itching to get back in, an infallible sign that a decline is in store. Locked up one account in an 11-month insured CD. Majority is in an insured MM. One year’s minimum expenses set aside in credit union/3 different checking accounts/cash in the bank of Sealy.
I thought I would get used to this, but I still have bouts of that nauseated feeling that is fear of everything getting worse.
I usually have orders at this time of year, due to upcoming trade shows for my distributors. Instead, August was my only open month so far this year. DH’s liberal clients are happy-go-lucky, so go figure.
OTOH, plumber friend tells us that they have work on 3 new homes in the immediate (rural) area.
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